If you are searching for the IFSC code of HDFC Bank, CHAURA BAZAR, AKAL MARKET branch in LUDHIANA, PUNJAB, this page has every detail you need. The verified IFSC code for this branch is HDFC0001320. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the CHAURA BAZAR, AKAL MARKET branch, and detailed step-by-step guides for using the IFSC HDFC0001320 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, HDFC0001320 is the IFSC of HDFC Bank's CHAURA BAZAR, AKAL MARKET branch. The format is fixed: HDFC = bank code, 0 = reserved, 001320 = branch identifier.
Bank profile
HDFC Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Chaura Bazar, Akal Market branch — IFSC HDFC0001320 — extends the bank's services to customers in and around Ludhiana, Punjab.
Branch details at a glance
| Bank Name | HDFC Bank |
|---|---|
| Branch | Chaura Bazar, Akal Market |
| IFSC Code | HDFC0001320 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GURDWARA SHRI AKAL GARHCHAURA BAZARAKAL MARKET |
| City | Ludhiana |
| District | Ludhiana |
| State | Punjab |
| STD Code | 91 |
| Phone | 9815331111 |
About this branch
The branch is located at GURDWARA SHRI AKAL GARHCHAURA BAZARAKAL MARKET. It serves the Ludhiana region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of HDFC Bank. The IFSC HDFC0001320 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how HDFC Bank's CHAURA BAZAR, AKAL MARKET branch came to be assigned the code HDFC0001320.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC HDFC0001320, money simply cannot be routed to the CHAURA BAZAR, AKAL MARKET branch electronically.
Products and account variants supported
Every account opened at the Chaura Bazar, Akal Market branch is mapped to IFSC HDFC0001320 on the RBI payments network. The branch generally supports the full retail product catalogue of HDFC Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains HDFC0001320.
Banking services available
The Chaura Bazar, Akal Market branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9815331111.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC HDFC0001320
How to transfer money using IFSC HDFC0001320
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC HDFC0001320 across all three.
How to use IFSC HDFC0001320 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to HDFC Bank's CHAURA BAZAR, AKAL MARKET branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC HDFC0001320.
- Confirm the bank name auto-populates as HDFC Bank and the branch as CHAURA BAZAR, AKAL MARKET.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to CHAURA BAZAR, AKAL MARKET
If you need to transfer ₹2 lakh or more in one go to an account at HDFC Bank's CHAURA BAZAR, AKAL MARKET branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC HDFC0001320 while initiating the transfer and the credit will appear within minutes.
IMPS to HDFC Bank CHAURA BAZAR, AKAL MARKET (IFSC HDFC0001320)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC HDFC0001320 in your mobile or internet banking app, and the money is credited to the CHAURA BAZAR, AKAL MARKET branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC HDFC0001320 for HDFC Bank – CHAURA BAZAR, AKAL MARKET, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – HDFC0001320 | Yes – HDFC0001320 | Yes – HDFC0001320 |
For most retail customers crediting the Chaura Bazar, Akal Market branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC HDFC0001320
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at HDFC Bank – CHAURA BAZAR, AKAL MARKET is still mapped to IFSC HDFC0001320. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC HDFC0001320 and the beneficiary's account number to complete the transfer.
Online banking and IFSC HDFC0001320
HDFC Bank customers can register for net banking and the bank's official mobile app once their account at the CHAURA BAZAR, AKAL MARKET branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC HDFC0001320 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Chaura Bazar, Akal Market branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC HDFC0001320 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC HDFC0001320
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to HDFC Bank – CHAURA BAZAR, AKAL MARKET, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
HDFC0001320. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The Chaura Bazar, Akal Market branch sits at GURDWARA SHRI AKAL GARHCHAURA BAZARAKAL MARKET. If you are travelling from outside Ludhiana, search for the branch on a maps application using the bank name and locality, or call 91-9815331111 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC HDFC0001320 and your account number.
Verifying IFSC HDFC0001320 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm HDFC0001320 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9815331111.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Chaura Bazar, Akal Market are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to HDFC0001320 continue to work without interruption.
Branch address & contact
HDFC BankChaura Bazar, Akal Market Branch
GURDWARA SHRI AKAL GARHCHAURA BAZARAKAL MARKET
Ludhiana, Punjab
Phone: 91-9815331111
IFSC: HDFC0001320
Frequently asked questions
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Chaura Bazar, Akal Market branch but serve different purposes.
Can I use IFSC HDFC0001320 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC HDFC0001320 to send funds instantly.
Is IFSC HDFC0001320 the same for all accounts at Chaura Bazar, Akal Market branch?
Yes. The IFSC HDFC0001320 is shared by every account held at HDFC Bank's Chaura Bazar, Akal Market branch. Only the account number changes from customer to customer.
How do I add HDFC Bank Chaura Bazar, Akal Market as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC HDFC0001320, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using HDFC0001320 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to HDFC Bank – Chaura Bazar, Akal Market reflect within 30 minutes.
What is the IFSC code of HDFC Bank Chaura Bazar, Akal Market branch?
The IFSC code of HDFC Bank, Chaura Bazar, Akal Market branch is HDFC0001320. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC HDFC0001320 valid for NEFT and RTGS?
Yes. IFSC HDFC0001320 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does HDFC Bank Chaura Bazar, Akal Market branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9815331111 to confirm.
Summary
The IFSC code HDFC0001320 belongs to HDFC Bank's CHAURA BAZAR, AKAL MARKET branch, located at GURDWARA SHRI AKAL GARHCHAURA BAZARAKAL MARKET in LUDHIANA, PUNJAB. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
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